A Behavioral Approach to Asset Pricing (Academic Press Advanced Finance)

Amazon.com Price: $194.03 (as of 04/05/2019 18:22 PST- Details)

Categories: , , , , , , , , , , , , , , , , , ,

Description

A Behavioral Approach to Asset Pricing Theory examines the reigning assumptions of asset pricing theory and reconstructs them to incorporate findings from behavioral finance. It constructs a solid, intact structure that challenges classic assumptions and at the same time provides a strong theory and efficient empirical tools.

Building on the models developed by both traditional asset pricing theorists and behavioral asset pricing theorists, this book takes the discussion to the next move. The creator provides a general behaviorally based intertemporal remedy of asset pricing theory that extends to the discussion of derivatives, fixed income securities, mean-variance efficient portfolios, and the market portfolio.

The book develops a series of examples to illustrate the theoretical results. The CD-ROM comprises a number of the examples, worked out as Excel spreadsheets, in order that a diligent reader can follow them through.
Instructors may also need to use the examples to assign class exercises, asking students to modify the numbers and see what happens.

* The first book to focus completely on how behavioral finance principles have an effect on asset pricing
* Hersh Shefrin is a recognized expert in behavioral finance
* Behavioral finance is a growth area in finance scholarship and moving increasingly into practice

Related products

Home » Shop » Books » Specialty Boutique » New, Used and Rental Textbooks » Business and Finance » Banking » A Behavioral Approach to Asset Pricing (Academic Press Advanced Finance)

Recent Products